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had added eight billion and programs that the pentagon did not need or want which would cost seventy four b. and over a ten year period now proportionally that's not extremely high when you're talking about cuts of fifty four b. but nor is it ends and if it can and it prevents the pentagon from prioritizing to maximize the effectiveness of defense dollars for security i think it was a nine hundred fifty. they have a speech to the american association of newspaper editors that sometimes referred to as the cross of iron speech where he talked about you know one bomber equals fifty four thousand barrels of we didn't you know every plane made as a signifies a theft essentially from the hungry but the larger point that he was making was that if you build a weapon of war and a bomb for example and you drop it on somebody that money is just gone whereas if you build a hospital or a school for the same cost it continues to generate revenue for generations and so while we certainly need a military and we should have a smart military. just using the military as a jobs program seems like about
had added eight billion and programs that the pentagon did not need or want which would cost seventy four b. and over a ten year period now proportionally that's not extremely high when you're talking about cuts of fifty four b. but nor is it ends and if it can and it prevents the pentagon from prioritizing to maximize the effectiveness of defense dollars for security i think it was a nine hundred fifty. they have a speech to the american association of newspaper editors that sometimes referred...
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cut to the pentagon's already requested six hundred. twenty. welcome to have thank you sir pleased to be here thank you what impact first of all will the sequester ration part of the the the automatic defense cuts that were written in back last year when they couldn't work out a deal away have if they were going to effect well it would be a fairly significant impact not so much because of the magnitude of the cuts over a ten year period as it is you have to cut fifty four point seven billion in the nine months remaining in this fiscal year across the board in all the programs without the ability to prioritize that so sounds like a mess it is a mess and also you cannot cut any funds from obligated money that is money that has already been contracted with someone to purchase something and in addition military personnel are exempt so what's left you have to take a big swac out of it well personnel is about a third of the total pentagon. and it but it includes all other sensible cold operations operations but that has to do with all the money to ma
cut to the pentagon's already requested six hundred. twenty. welcome to have thank you sir pleased to be here thank you what impact first of all will the sequester ration part of the the the automatic defense cuts that were written in back last year when they couldn't work out a deal away have if they were going to effect well it would be a fairly significant impact not so much because of the magnitude of the cuts over a ten year period as it is you have to cut fifty four point seven billion in...
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just getting it confirmed on the fox report this hour from the pentagon, u.s. officials telling us that general h. norman schwarzkopf who commanded the coalition that drove out saddam hussein forces in sue wait in 1991 known as stormin' norman has died tonight at the age of 78. we are waiting to learn more details about the situation. in tampa, florida, is where he was. that is about all of the detail we know about this. we are learning so much more from people who new him tonight on a personal note. we know his resume but general bob scales joins us now. he is a fox news military analyst and tonight someone who can tell us all about general norman schwarzkopf. wrote a book called "certain victor arery" about the history of the iraq war. you are back with us? >> i sure am. >> harris: i'm glad you are back. your perspective on this man is so helpful. way tonight get your thoughts again about the passing of general. >> i knew major schwarzkopf and his wonderful wife brenda when i was a captain. we both worked in the pentagon at the time and i remember that he was
just getting it confirmed on the fox report this hour from the pentagon, u.s. officials telling us that general h. norman schwarzkopf who commanded the coalition that drove out saddam hussein forces in sue wait in 1991 known as stormin' norman has died tonight at the age of 78. we are waiting to learn more details about the situation. in tampa, florida, is where he was. that is about all of the detail we know about this. we are learning so much more from people who new him tonight on a personal...
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the pay for pentagon officials is not going to be cut. if this drags on into march or april, they will have to do furloughs, is essentially giving people vacations. host: the headline from "the wall street journal." is that one way to do that? guest: that is a painful way to do that. when people do not have money to spend, the economy is not going to grow. if this goes on for a couple of days and the stock market falls dramatically, congress and the white house may be able to avoid some of the long-term consequences. if everybody digs end, more disasters things could take hold. host: the president, vice president, speaker of the house, democratic leader of the house, will be meeting today. from the reporting you have done, what will be happening? guest: they could sit down and cut a deal in five minutes. they know all the issues. they know where their parties are. they could sit down in five minutes, shaking hands, and cut a deal. i do not think that will happen. o no dwant to be seen as the party that is caving in. i think they will say,
the pay for pentagon officials is not going to be cut. if this drags on into march or april, they will have to do furloughs, is essentially giving people vacations. host: the headline from "the wall street journal." is that one way to do that? guest: that is a painful way to do that. when people do not have money to spend, the economy is not going to grow. if this goes on for a couple of days and the stock market falls dramatically, congress and the white house may be able to avoid...
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barbara starr live at the pentagon. barba barbara, a great guy, but really great in front of the camera and able to use visuals of the first war to really explain to the american people what was going on. >> well, explain to the american people, and he also knew that saddam hussein and his iraqi generals were watching those press briefings. president obama today remembering norman schwarzkopf as an american original. a limited mission, get the iraqis out of kuwait, get the war done, go home. and he accomplish thad in des rt storm, commanding more than 700,000 coalition forces, more than 500,000 americans and an air and grown campaign that lasted barely 100 hours, and then it was done. his own chief, former president george h.w. bush, issuing a statement from his hospital bed in houston, saying "general norm schwarz cough, to me, epit to mized the duty, service, country creed that has defended our k e freedom and seen this nation through our most trying international crises, and more than that, he was a good and decent m
barbara starr live at the pentagon. barba barbara, a great guy, but really great in front of the camera and able to use visuals of the first war to really explain to the american people what was going on. >> well, explain to the american people, and he also knew that saddam hussein and his iraqi generals were watching those press briefings. president obama today remembering norman schwarzkopf as an american original. a limited mission, get the iraqis out of kuwait, get the war done, go...
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. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees, if they can't be assured of continued employment. >> reporter: congressman moran says if we go over the cliff, which he thinks we will, then the impact and severity of the automatic defense spending cuts depend how long they are in place into the new year before congress finally fixes this fiscal cliff problem. gregg: molly henneberg. these cuts were never expected
. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this...
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the pentagon will face a cut of $492 billion. that is about a half trillion dollars over nine years. that works out to about a 55 billion-dollar cut per year, starting next year, 2013. defense analysts say this on top of hundreds of additional cuts already in place for defense will be devastating to the military. >> it is going to affect the operational force that is its livelihood to get it equipment and not just the force in afghanistan that is being reduced. it would impact the training as well. reporter: there is a large defense industry will also be hit. private companies may not get government contracts to keep them in business. >> severe budget cuts could literally put national security at risk if the companies that make the f-35 fighter jet or nuclear submarines or artillery pieces don't have the money and have to lay off work force and close facilities. reporter: jim moran said his district, right outside of washington, home to many who work in the defense industry, could be harvested in the country. he is warning consti
the pentagon will face a cut of $492 billion. that is about a half trillion dollars over nine years. that works out to about a 55 billion-dollar cut per year, starting next year, 2013. defense analysts say this on top of hundreds of additional cuts already in place for defense will be devastating to the military. >> it is going to affect the operational force that is its livelihood to get it equipment and not just the force in afghanistan that is being reduced. it would impact the...
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. >>> tributes from the pentagon, white house, and gulf war buddies after the passing of stormin general norman schwarzkopf. and teachers learning how to shoot in case a gunman walks into their classroom. the man offering lessons were free. "starting point" begins right now. friday, december 28th. and our starting point, the pace in's economy and your take home pay on the chopping block. four days remain before the u.s. goes over the edge. that means tax hikes and spending cuts that could trigger another recession. congressional leaders will meet today at 3:00 p.m. eastern time. the full house not even expected to return to work until sunday. here is the guest list for today's showdown. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate major
. >>> tributes from the pentagon, white house, and gulf war buddies after the passing of stormin general norman schwarzkopf. and teachers learning how to shoot in case a gunman walks into their classroom. the man offering lessons were free. "starting point" begins right now. friday, december 28th. and our starting point, the pace in's economy and your take home pay on the chopping block. four days remain before the u.s. goes over the edge. that means tax hikes and spending...
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>> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that was selling to the navy for the submarine, those funds are, in fact, protected. that's one example of a deal being signed under the wire to get it through? >> exactly. general dynamics got the ch and development money for the ohio class replacement. that's a $1.8 billion contract that will keep them busy for five years, on just the design of that replacement program. >> so in your view, are the stocks reflecting this? we have seen a sharp run-up in the stocks since the end of november, and more broadly, the philadelphia defense index is close to 52-week highs. >> well, i think that's right. i mean, part of it is cheap cost of money elsewhere. i mean, where else to invest in stocks, where your business is backed by the u.s. government, when you have yields that are two and three times what the five-year is trading at today. >> but there must be some sort of impact, howard. i mean, we w
>> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that was selling to the navy for the submarine, those funds are, in fact, protected. that's one example of a deal being signed under the wire to get it through? >> exactly. general dynamics got the ch and development money for the ohio class replacement. that's a $1.8 billion...
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host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the 30 -- like a fighter jet, that is on the table as well. host: military construction, what is that? guest of the money that the military spends to build the bases and various other facilities. host: testing and evaluation, is that big money? guest: it can be. before weapons systems are built there is a whole research and development fund. host: let's talk about what is not on the table. >> we will take you back to the white house where president obama will speak shortly. he is scheduled to speak at 5:45 p.m. eastern about the earlier meeti
host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the...
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i think the phone call from the president certainly has resonated around the pentagon. they say they're trying to get to the bottom of this and figure out how this all could have happened. >> and how many children do we think that were involved in this abuse? >> reporter: in this one case, right now, it's a handful, if you will. but what the parents are telling me is, they don't know if that's the entire story because the only videotapes to corroborate this are 30 days' worth of videotapes. the allegation is made on september 26th. the tapes go back one month. and they don't know what might have happened before that. suzanne? >> all right. barbara starr, thank you for following that story. appreciate it. >>> meet a man who has taken a stand on the national debt by trying to pay it off himself. and a choice. h n take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pa
i think the phone call from the president certainly has resonated around the pentagon. they say they're trying to get to the bottom of this and figure out how this all could have happened. >> and how many children do we think that were involved in this abuse? >> reporter: in this one case, right now, it's a handful, if you will. but what the parents are telling me is, they don't know if that's the entire story because the only videotapes to corroborate this are 30 days' worth of...